SOL/USDT : #Strong Momentum, But Is It Time to Chase?
SOL is back above the psychological $100 level, currently around $99.55 after reaching a recent high of $103.08.
What caught my attention isn't just the price move, but the structure behind it.
The daily chart shows:
• MA7: $93.50
• MA25: $80.11
• MA99: $76.66
The moving averages are aligned bullishly, showing strong short-to-medium-term momentum.
But there’s an important level ahead: $103–105.
This area could decide the next move.
If SOL gets a strong daily close above $103–105 with sustained volume, the breakout could have room to continue.
On the other hand, rejection around this zone could trigger a healthy pullback.
Key levels I’m watching:
🟢 $93–95 — near-term support
🟡 $88–90 — secondary support
🟠 $80–82 — major structural support
My three scenarios:
Bullish:
Break and hold above $103–105 → momentum may continue.
Neutral:
Rejection followed by consolidation between $93–103 → potentially healthy before the next move.
Bearish:
Lose $93 and fail to reclaim it → deeper pullback toward $88–90 becomes possible.
Personally, I wouldn't chase a green candle here.
I’d rather wait for either a confirmed breakout or a pullback into support with a clear reaction.
#Solana remains on my watchlist. 📊
Not financial advice. #DYOR.
SOL is back above the psychological $100 level, currently around $99.55 after reaching a recent high of $103.08.
What caught my attention isn't just the price move, but the structure behind it.
The daily chart shows:
• MA7: $93.50
• MA25: $80.11
• MA99: $76.66
The moving averages are aligned bullishly, showing strong short-to-medium-term momentum.
But there’s an important level ahead: $103–105.
This area could decide the next move.
If SOL gets a strong daily close above $103–105 with sustained volume, the breakout could have room to continue.
On the other hand, rejection around this zone could trigger a healthy pullback.
Key levels I’m watching:
🟢 $93–95 — near-term support
🟡 $88–90 — secondary support
🟠 $80–82 — major structural support
My three scenarios:
Bullish:
Break and hold above $103–105 → momentum may continue.
Neutral:
Rejection followed by consolidation between $93–103 → potentially healthy before the next move.
Bearish:
Lose $93 and fail to reclaim it → deeper pullback toward $88–90 becomes possible.
Personally, I wouldn't chase a green candle here.
I’d rather wait for either a confirmed breakout or a pullback into support with a clear reaction.
#Solana remains on my watchlist. 📊
Not financial advice. #DYOR.
